I would say that the answer is yes! I had a buyer today who had decided to rent for awhile until she found out the $8,000 incentive is a tax credit according to a local lender, Tim Prindle, at MGM mortgage! Basically, he said that if the buyer owes $2,000 in taxes, he should get a $6,000 refund. Wow! Is that an incentive or what! Tim said that the buyer must have not owned a home within the last 3 years and must purchase a home before December 1, 2009. He said that if the buyer lives in the home for at least 3 years, the $8,000 does not have to be paid back. There are limits to the income, but they are reasonable and certainly not poverty level. That is the latest information I've received on the $8,000 credit incentive. To make a long story short, my buyer met the criteria limitations and made an offer on a home today.
With interest rates at the lowest in 37 years, and with a huge inventory of bargains, foreclosures and short sales, I would think there is enough incentive here to sway buyers to do what they wanted to do anyway! That is to own their own home! Please check out the MLS on my website at www.homesincedarcity.com and then email Janet's team at naisbitt@inxsnet.com for help with all your real estate needs. We can help with every home no matter which office has the listing thanks to our MLS service. We look forward to hearing from you! If you prefer the phone, please call 435-865-1019 or 800-934-3742 or text or call my cell phone at 435-559-7772.
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